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Launched · SEC filings

First Trust Large Cap Value AlphaDEX Fund

FTANasdaqFirst TrustC

$104.87+0.89 (+0.85%)

At close: Nov 2, 2026, 4:00 PM ET

C51/ 100

Rank 26 of 40 in US Value Index

C51/100Rank 26 of 40inUS Value Index
Intraday session: up, 79 prints from 103.98 to 104.87. Range 104.22 to 105.03. Use the arrow keys to read each point.104.20104.40104.60105.0010 AM12 PM2 PM4 PM
Expense ratio
0.58%
Fund size
$1.46B
1Y total return
+28.1%
Yield · Last 12 months
1.68%
Holdings
188
Avg volume · 30D
36.7K sh
52W range
low $81.64high $104.95
Launched
Filings
SEC EDGAR

The ETF.net FTA Grade

C

Score 51 out of 100

Category
US Value Index⁠
Rank
26 of 40
Six-pillar profile for FTA. Scores out of 100: Cost 10, Risk 64, Mission 82, Tradability 60, Holdings 67, Durability 62. Strongest: Mission (82). Weakest: Cost (10). Leans toward Mission.

Score 51 of 100 falls in the C band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F10 out of 100
    Rank 36 of 40

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    A82 out of 100
    Rank 21 of 37

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B64 out of 100
    Rank 12 of 39

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    B60 out of 100
    Rank 12 of 40

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    B67 out of 100
    Rank 14 of 40

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    B62 out of 100
    Rank 18 of 40

Our read on FTA

ETF.net Research

In short

CFTA doesn't just buy the value index and call it a day. It screens US large caps on value and profitability, then holds only the names that clear the bar, a 2007-vintage rules-based stock picker in an ETF wrapper.

Stated mandate

The Fund seeks to track, before fees and expenses, the performance of the Nasdaq AlphaDEX Large Cap Value Index.

Why people hold it

  • Selection by formula, not size: the AlphaDEX screen ranks large-cap value names on value and profitability before the index decides who gets in.ftportfolios.com
  • Live since 2007, so the method has a real record through the financial crisis and everything after, not a backtest.
  • Roughly 190 stocks, so no single name carries the fund, and it distributes quarterly.
  • The rules are public: it tracks a published Nasdaq AlphaDEX Large Cap Value index, and it has held multi-billion-dollar scale for years.

Worth knowing

  • 0.58% a year, against a cohort median near 0.18%. Plain cap-weighted value funds (VTV, SCHV, IUSV) charge a small fraction of that.
  • Thinly traded next to the category's giants, so spreads and limit orders matter more here.
  • Value by screen, not by market cap: the portfolio can look and behave quite differently from a standard large-cap value benchmark.

FTA Performance

Launched May 8, 2007

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

FTA$12,811
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,199
Oct 31, 2025 to Oct 30, 2026. FTA $12,811. SPY $11,199. Use the arrow keys to read each point.$10,000$11,000$12,000$13,000Oct 2025Apr 2026Oct 2026

Oct 31, 2025 – Oct 30, 2026

Returns run to the Oct 30, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for FTA. Periods over one year show the average yearly return.
PeriodFTA
Year to date+22.3%
1 month+9.1%
3 months+3.4%
1 year+28.1%
3 yearsper year+20.8%
5 yearsper year+11.4%
10 yearsper year+11.5%

With distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for FTA
YearReturn barFTA
2026 YTD+22.3%
2025+14.9%
2024+10.1%
2023+10.1%
2022−3.7%
2021+29.3%
2020−0.4%

FTA in the news

FTA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Oct 30, 2026.
1.68%Last 12 months
Payout per share
$1.75Last 12 months
Last payment
$0.53 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 23, 2017 $0.16; Jun 22, 2017 $0.21; Sep 21, 2017 $0.19; Dec 21, 2017 $0.27; Mar 22, 2018 $0.21; Jun 21, 2018 $0.30; Sep 14, 2018 $0.19; Dec 18, 2018 $0.36; Mar 21, 2019 $0.16; Jun 14, 2019 $0.16; Sep 25, 2019 $0.44; Dec 13, 2019 $0.30; Mar 26, 2020 $0.21; Jun 25, 2020 $0.28; Sep 24, 2020 $0.26; Dec 24, 2020 $0.36; Mar 25, 2021 $0.17; Jun 24, 2021 $0.22; Sep 23, 2021 $0.28; Oct 1, 2021 $0.05; Dec 23, 2021 $0.35; Mar 25, 2022 $0.27; Jun 24, 2022 $0.27; Sep 23, 2022 $0.34; Dec 23, 2022 $0.53; Mar 24, 2023 $0.29; Jun 27, 2023 $0.30; Sep 22, 2023 $0.41; Dec 22, 2023 $0.49; Mar 21, 2024 $0.31; Jun 27, 2024 $0.33; Sep 26, 2024 $0.45; Dec 13, 2024 $0.45; Mar 27, 2025 $0.40; Jun 26, 2025 $0.31; Sep 25, 2025 $0.40; Dec 12, 2025 $0.52; Mar 26, 2026 $0.36; Jun 25, 2026 $0.34; Sep 24, 2026 $0.53. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 24, 2026Sep 30, 2026$0.53
Jun 25, 2026Jun 30, 2026$0.34
Mar 26, 2026Mar 31, 2026$0.36
Dec 12, 2025Dec 31, 2025$0.52
Sep 25, 2025Sep 30, 2025$0.40
Jun 26, 2025Jun 30, 2025$0.31
Mar 27, 2025Mar 31, 2025$0.40
Dec 13, 2024Dec 31, 2024$0.45
Sep 26, 2024Sep 30, 2024$0.45
Jun 27, 2024Jun 28, 2024$0.33
Mar 21, 2024Mar 28, 2024$0.31
Dec 22, 2023Dec 29, 2023$0.49

See all 66 payments⁠

$10,000 in FTA 10 years ago paid $3,011 in dividends.⁠

FTA Risk

Risk pillarB64 out of 100Rank 12 of 39 in US Value Index
How much the fund’s monthly returns vary, scaled to a year.
13.5%
Annualised · 36 months to Oct 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
1.14
vs 3-month T-bills · to Oct 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−19.8%
Trough Sep 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.64
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

FMP measures it over up to five years of monthly returns.

FTA Cost

Compare FTA and VTV

Overpaying vs VTV, tied cheapest in US Value Index

$10,815

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • FTA 0.58%

    $11,453

  • VTV 0.03% Tied cheapest

    $638

$10,000
30 years

Cost over time

  • FTA 0.58%
  • VTV 0.03%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$2.5K$5K$7.5K$10K$12.5K051015202530FTA $11,453VTV $638

Year by year

YearFTAVTVOverpaying
10$1,041$55$986
20$3,986$216$3,770
30$11,453$638$10,815

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